CBDT extends time for filing roll-back applications under APA

Last Updated: Tuesday, March 31, 2015, 21:16

The Central Board of Direct Taxes has extended the window for filing roll-back applications under the Advance Pricing Agreement relating to transfer pricing cases by three months to June 30.

MNCs may have to disclose details of HQ ops to I-T dept

Last Updated: Monday, February 2, 2015, 17:23

Multinational companies operating in India will soon have to disclose details of their operations at the country of residence and their revenue income to the Income Tax authorities.

Financial institutions asked to register for FATCA by Dec 31

Last Updated: Tuesday, December 30, 2014, 22:56

All Indian financial institutions with exposure to the US will have to register by Wednesday with the American tax authorities to avoid a hefty penalty tax of up to 30 percent under the new Foreign Accounts Tax Compliance Act (FATCA).

Indian firms start FATCA registration; pact yet to be signed

Last Updated: Monday, December 29, 2014, 18:43

Accordingly, close to 1,000 entities, including banks and mutual funds, have registered themselves and have got Global Intermediary Identification Numbers (GIINs), sources said.

Court to rule on seized Nokia plant on Thursday

Last Updated: Wednesday, December 11, 2013, 13:03

A court will issue on Thursday its verdict on Nokia`s appeal against the seizure by tax authorities of its local factory after a tax dispute, lawyers for the company and the tax department said on Wednesday.

India asks IBM to pay $866 million in outstanding tax: Reports

Last Updated: Saturday, November 2, 2013, 15:59

Indian tax authorities have asked IBM`s local unit to pay Rs 53.57 billion in outstanding income tax on fiscal 2009 revenue, media reported on Saturday.

Messi may face up to six years in jail

Last Updated: Friday, June 14, 2013, 09:22

Lionel Messi`s legal and fiscal council Angel Juarez has stressed the Barcelona star has not been notified that a complaint has been filed over his alleged tax fraud, and added that the attacker`s lawyers are ready for a potential legal battle with the Spanish tax authorities.

86% of Indian businesses want more tax guidance: Thornton

Last Updated: Wednesday, May 22, 2013, 15:12

As per the quarterly survey of more than 3,000 businesses in 44 countries, around 68 percent of businesses globally would welcome more global cooperation and guidance from tax authorities.

Soon, US to get info on Americans' assets in India

Last Updated: Sunday, April 28, 2013, 13:05

US tax authorities may soon get access to all significant assets and accounts held by American citizens and companies with banks and other financial sector entities in India, and a draft inter-government agreement in this regard is currently being vetted by the SEBI.

Now, Sangli-Miraj Mayor under lens over son`s lavish wedding

Last Updated: Wednesday, February 20, 2013, 23:41

After a Minister in Maharashtra, the Mayor of Sangli-Miraj too has come under the scanner of tax authorities for the lavish wedding of his son.

Punjab secondary steel makers criticise tax raids

Last Updated: Saturday, February 16, 2013, 20:18

Alleging "harassment" by tax authorities, secondary steel makers in Punjab said the methodology adopted by the Excise and Taxation Department in detecting tax evasion is flawed.

Tax authorities action excessive, unacceptable: Nokia

Last Updated: Tuesday, February 12, 2013, 19:41

Protesting survey operation by I-T department at its Chennai premises last month, mobile handset maker Nokia on Tuesday said actions of tax authorities are excessive, unacceptable and "run counter" to Indian and international standards.